Word: politicians
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Dates: during 1920-1929
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When Secretary of the Treasury Andrew W. Mellon suddenly proposed a cut of $323,000,000 in taxes, mainly income taxes (TIME, Nov. 19), he gained more applause than John Barrymore in Hamlet. It was a tremendous surprise to the professional politician. Mr. Mellon was supposed to be an amateur in national politics. But he was able to frame a taxation proposal that received almost unanimous support from the business men of the country. The politicians held their ears to the ground, and then, since the roar of applause was unmistakable, their hands began to clap...
Died. Saburo Shimada, 71, Japanese politician and long one of the ablest lieutenants of the late Marquis Okuma...
Significance. Secretary Mellon said, in effect, to Congress: " Will you give a bonus to 4,000,000 veterans or will you cut the income taxes of 14,000,000 people?" Any politician's answer would be obvious were it not for the fact that as voters and lobbyists the bonus advocates have a much better organization than the taxpayer. But Mr. Mellon spoke loud enough for the public as well as Congress to hear. Much depends on the public's reaction. If the taxpayers shout louder than the bonus advocates, there may be no bonus...
...courage of the politician who would rather have a character than a country...
...genius what qualities may be lacking in his subject. His loud garrulity makes one realize why Coolidge prefers to keep silent; he supplements for dramatic interest an abundance of cheap farce; he writes of the President of the United States as if he were a hole-and-corner politician. The book drips with New England but from beginning to end there is hardly mention of any other states in the Union. Frankly booming the President, he overstates his case. Coolidge was a great governor, he has so far acted as a dignified chief executive. But not on these counts...